LexinFintech (LX) Set to Announce Earnings on Monday

LexinFintech (NASDAQ:LXGet Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, May 30th. Analysts expect LexinFintech to post earnings of $0.46 per share for the quarter.

LexinFintech (NASDAQ:LXGet Rating) last issued its quarterly earnings results on Tuesday, March 15th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). LexinFintech had a net margin of 20.47% and a return on equity of 32.63%. The company had revenue of $345.10 million during the quarter. During the same quarter in the previous year, the company earned $0.39 earnings per share. On average, analysts expect LexinFintech to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

LX traded down $0.13 during trading on Tuesday, reaching $2.14. The company’s stock had a trading volume of 6,660 shares, compared to its average volume of 1,961,152. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $2.61 and a two-hundred day simple moving average of $3.42. LexinFintech has a 1 year low of $1.90 and a 1 year high of $13.62. The company has a market cap of $393.48 million, a price-to-earnings ratio of 1.29 and a beta of 0.72.

Separately, Zacks Investment Research downgraded shares of LexinFintech from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, LexinFintech currently has a consensus rating of “Hold” and a consensus target price of $9.85.

Several hedge funds have recently bought and sold shares of LX. Morgan Stanley increased its holdings in LexinFintech by 156.4% in the 2nd quarter. Morgan Stanley now owns 313,316 shares of the company’s stock valued at $3,838,000 after buying an additional 191,130 shares during the period. Invesco Ltd. increased its stake in shares of LexinFintech by 32.0% in the 3rd quarter. Invesco Ltd. now owns 100,506 shares of the company’s stock valued at $592,000 after acquiring an additional 24,382 shares during the last quarter. LPL Financial LLC increased its stake in LexinFintech by 50.1% during the 3rd quarter. LPL Financial LLC now owns 18,355 shares of the company’s stock worth $108,000 after purchasing an additional 6,123 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in LexinFintech during the 4th quarter worth approximately $25,000. Finally, Citigroup Inc. grew its stake in shares of LexinFintech by 18.0% during the 4th quarter. Citigroup Inc. now owns 89,244 shares of the company’s stock worth $345,000 after acquiring an additional 13,607 shares in the last quarter. Institutional investors and hedge funds own 31.56% of the company’s stock.

About LexinFintech (Get Rating)

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumption and consumer finance platform for young professionals in the People's Republic of China. The company operates Fenqile.com, a consumption and consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms; and Le Card, a membership platform, which offers savings, benefits, and membership privileges to food and beverage, apparel, hospitality, and leisure sectors.

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Earnings History for LexinFintech (NASDAQ:LX)

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